PENGU

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h −0.093%

Price spread now: Nado against Injective+4.261%7-day average +0.783% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.099%−$10 on $10k

Price spread, last 4 days (all we have)−3.784%−$378 · spread now +4.261%, 7d avg +0.783%

Together, before fees−3.883%+ Points / potential airdropNado: Active · farm board−$388 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Nado is 3.478% dearer against Injective than usual: you sell high and buy low: +$348 more if the spread goes back to its 7-day average of +0.783%. Mind the row above: over the last 4 days funding on this pair cost −0.099%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PENGU/USDC PERP	0.008789	0.0033	pay 0.0004% / 1h	55m 02s	$3K	$117K	5.5x
Short	Nado PENGU-PERP	0.009163	0.0100	get 0.0013% / 1h	55m 02s	$649K	$1.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee NadobpOrdersPrice spread, now +4.261%Rate

Funding earned: $14
Price spread: +4.261% → +0.783%: $347.77
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $354.75
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Nado: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Injective no order-book sample	—	—	—	—	—
Sell Nado live order book, 3 min ago	1.63 bp	10.2 bp −$10	26.6 bp −$266	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PENGU on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit PENGU_USDC-PERPETUAL	0.0000%	1h	0.009150	+4.107%	$1K	$28K	10x	as long as short
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009228	+5.000%	$34K	—	150x	as long as short
ApeX Omni PENGUUSDT	+0.0011%	1h	0.009206	+4.745%	$81K	$252K	50x	as long as short
Injective PENGU/USDC PERPlong	+0.0033%	1h	0.008789	long leg	$3K	$117K	5.5x
Gate PENGU_USDT	+0.0044%	4h	0.009133	+3.914%	$3.8M	$17.5M	75x	as long as short
Lighter PENGU	+0.0096%	1h	0.009147	+4.073%	$327K	$700K	8x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009143	+4.028%	$9.8M	$16.9M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009133	+3.911%	$141K	$792K	20x	as long as short
Pacifica PENGU	+0.0100%	1h	0.009185	+4.506%	$140K	$235K	5x	as long as short
Binance PENGUUSDT	+0.0100%	4h	0.009130	+3.880%	$40.5M	$197.0M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit PENGUUSDT	+0.0100%	4h	0.009120	+3.766%	$24.8M	$47.3M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009123	+3.800%	$8.3M	$58.3M	50x	as long as short
Arcus PENGU-USD	+0.0100%	1h	0.009180	+4.449%	$19K	$26K	5x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009125	+3.823%	$12.1M	$12.8M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009137	+3.959%	$5.1M	$10.7M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009133	+3.914%	$8.9M	$14.9M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009135	+3.937%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009126	+3.834%	$301K	$372K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.009216	+4.855%	$948K	$1.2M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.009206	+4.745%	$481K	$2.1M	10x	as long as short
Nado PENGU-PERPshort	+0.0100%	1h	0.009163	+4.261%	$649K	$1.1M	5x
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009155	+4.164%	$24K	$358K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009367	+6.576%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009143	+4.028%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009150	+4.107%	$96K	$427K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009123	+3.806%	$188K	$746K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009166	+4.289%	$212K	—	3x	as long as short
Kraken Futures PF_PENGUUSD	+0.0213%	1h	0.009147	+4.079%	$342K	$2.7M	50x	as long as short
Reya PENGURUSDPERP	+0.0241%	1h	0.009156	+4.178%	$309	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009155	+4.164%	$1.6M	$5.4M	75x	as long as short
01 Exchange PENGUUSD	+0.0344%	1h	0.009172	+4.358%	$210	$141	5x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0433% / S −0.0351%	1h	0.009147	+4.073%	$105K	—	100x	as long as short
dYdX PENGU-USD	+0.2002%	1h	0.009178	+4.426%	$22K	$18K	5x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2288%	1h	0.009518	+8.294%	$81K	$88K	50x	as long as short